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Select the BEST answer for each question. Each question has only ONE best answer. You have 30 minutes to complete this quiz and only ONE attempt. Please read the associated chapter your textbook and view the associated lecture(s) prior to attempting this quiz. Question 1 0.5 pts A plants production varies from 1,500 to 2.500 units per day. The plant and associated warehouse are 120,000 SF and employ 500 people in three shifts. Which of the following are a FIXED cost for the plant? O Materials O General liability insurance O Labor O Utilities

Utilities D Question 2 0.5 pts Your car needs major mechanical repairs and you are considering your options of repairing your car or replacing your car that should not be considered in your decision? Which of the following represents a sunk cost O The value of your car in repaired condition. O The original purchase price of your car. O The pruchse price a new car. The cost to repair your car to working condition 0.5 pts Question 3

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